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Financial
Distress signals
Property profile

14400 Joy Rd Detroit, MI 48228

OFF-MARKET
Other warehouses
Property ID
US43-1824446
6,093 SF 0.15 ac lot Built 1950
Last sale Mar 2020 · $60,000
Individually Owned Owner of record is an individual. 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a commercial building in Detroit providing more than 6,000 square feet of interior space, including warehouse area and a private office. It is equipped with an overhead door, supporting functions that may require direct warehouse access. The layout is suitable for a range of commercial and industrial uses, including warehouse/industrial operations and office unit configuration.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value · 2024$38k
Effective rate13.64%

Value estimate

· Oct 2026
$65k
$59k – $72k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$32/SF
Submarket average, outlier-cleaned · 187 recorded sales of this use type
Observed band · Q1–Q3$13 – $52
Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M4
The M4 intensive industrial district permits objectionable industrial uses, restricts new residential construction except for loft conver...
General categoryINDUSTRIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency50.7
Law Firm41.1
Dental Office36.9

Location

14400 Joy Rd Detroit, MI 48228-2404
County assessor Recorded deeds · 1 transfer 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
18533 Weaver, Detroit, MI 48228-1158 $40,000 Dec 2024 4,522 SF
18524 Fitzpatrick, Detroit, MI 48228-1450 $100,000 Oct 2024 7,060 SF
18348 Fitzpatrick, Detroit, MI 48228-1401 $259,000 Feb 2023 5,221 SF
18564 Fitzpatrick, Detroit, MI 48228-1411 $265,000 Jan 2022 5,340 SF
18345 Weaver, Detroit, MI 48228-1153 $60,000 Dec 2021 6,840 SF
8901 Schaefer, Detroit, MI 48228-2515 $450,000 May 2021 7,710 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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